Iowa Admin. Code r. 261-65.7

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 261-65.7 - Application to the brownfield redevelopment program-agreements

(1) Every application for assistance shall include evidence of sponsorship and any other information the authority deems necessary in order to process and review the application. An application shall be considered received by the authority only when the authority deems it to be complete. Applications for assistance shall also include the following information:

a. A business plan. The business plan should, at a minimum, include a remediation plan, a project contact/applying agency, a project overview (which would include the background of the project area, goals and objectives of the project, and implementation strategy), and a project/remediation budget.

b. A statement of purpose describing the intended use of and proposed repayment schedule for any financial assistance received by the applicant.

(2). The authority shall accept and review applications in conjunction with the council and the board. The council shall consider applications in the order complete applications are received and make application recommendations to the board. The council will score applications according to the application review criteria established pursuant to rule 261-659. (15). The board shall approve or deny applications.

(3). Approved applicants shall enter into an agreement with the authority.

Iowa Admin. Code r. 261-65.7

ARC 7844B, lAB 6/17/09, effective 7/22/09; ARC 9746B, lAB 9/7/11, effective 8/19/11; ARC 0007C, lAB 2/8/12, effective 3/14/12

Amended by IAB January 21, 2015/Volume XXXVII, Number 15, effective 2/25/2015